Dollar Edges Higher with T-Note Yields

The dollar index (DXY00) on Monday rose by +0.09%.  The dollar shook off early losses on Monday and moved higher due to a jump in T-note yields, which strengthened the dollar’s interest rate differentials.  The dollar’s near-term upside is limited amid expectations that the Fed will cut the federal funds target range by 25 bp at the conclusion of the Tue/Wed FOMC meeting. Also, strength in EUR/USD on Monday weighed on the dollar due to hawkish ECB comments. President Trump said last that he will announce ...